At - Miva

[gab]

FUNDAMENTALS >>>

NEW YORK, September 18 (newratings.com) – Analyst James Leahy of Morgan Joseph initiates coverage of MIVA Inc (ticker: MIVA) with a "buy" rating. The target price is set to $7.

In a research note published this morning, the analysts mention that the current shift from traditional media towards the Internet, in terms of advertising, represents a promising investment theme. Growth in the online advertising market is likely to be at a faster rate than that in the advertising market, the analyst says. The online advertising market in the US is expected to grow at a CAGR of 18.6% during 2006-2010, Morgan Joseph adds. MIVA Media offers an auction-based marketplace to advertisers who want to use pay-for-performance advertisements to attract consumers, the analyst states



TECHNICAL ANALYSIS >>>

BULLISH
Probability - Intermediate trend bullish,
Confirmation - Strong bullish 3 day chart pattern.
SUMMARY bullish probability indicators. Outperform, short term (1-6 wks )
RESISTANCE/SUPPORT 4.72, just above support or resistance, 4.51 ± 0.12, type double, strength 9

UP TRADE QUALITY 80%, Very Good
Good trade quality is a combination of good profit, profit/loss ratio and target potential.

TARGET 1 Price: 5.35 Profit: 13.3% , for a typical rally.
Stop Limit/Trailing Stop Limit: 4.5 Loss: 4.7%
Profit/Loss Ratio: 2.8 : 1 - Good

download